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joining me defense attorney brian claypool. thanks for joiiing us. is this legal? >> sure, thanks for having me, melissa. news flash. i was ready to take the bus over here to the studio this afternoon and i canceled that plan after i heard about the topic we had today. i didn't want anybody to find out what my little girl might get for christmas. in terms whether this is legal or not the big issue, do you have a reasonable expectation of privacy when you leave your home? in other words, you get on a bus or get on a subway, you start chitchatting. melissa: do you? starting to feel like we don't any longer. >> in many respects we don't, given the climate we live in, given how volatile with terrorism, the situation in syria and taliban and al qaeda we have ask ourselves, what price do we want to pay to keep our safety? personally i don't think it is that big of an infringement on our privacy rights if we're taping these conversations. melissa: really? >> if it is to prevent terrorist attack. melissa: do you think it will prevent a terrorist attack if we have listening
joining me defense attorney brian claypool. thanks for joiiing us. is this legal? >> sure, thanks for having me, melissa. news flash. i was ready to take the bus over here to the studio this afternoon and i canceled that plan after i heard about the topic we had today. i didn't want anybody to find out what my little girl might get for christmas. in terms whether this is legal or not the big issue, do you have a reasonable expectation of privacy when you leave your home? in other words,...
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Dec 5, 2012
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to deploy patriot missile systems to as many as 10 potential sites making a point of stressing the defensive nature of the weapons shipment. nato and the u.s. have warned assad that any use of chemical weapons will be met with an immediate international response. >>> egyptian president morsi has returned to the presidential palace this morning after being forced out last night by angry mobs. riot police fired tear gas at crowds topping 100,000 people who overran barricades at the palace and cairo. demonstrators are an or morsmor constitution saying it contains limits on individual liberty and puts too much power in the hands of the president. his administration says the constitution establishes democracy. protesters also took to tahrir square and nearly a dozen newspapers stopped publication to protest the new constitution's lack of support for freedom of speech. >>> and finally, quick business headlines before we go because that's what i like to do. netflix elbowing its way into competition with the likes of hbo and showtime because they have bought exclusive rights to disney movies beginni
to deploy patriot missile systems to as many as 10 potential sites making a point of stressing the defensive nature of the weapons shipment. nato and the u.s. have warned assad that any use of chemical weapons will be met with an immediate international response. >>> egyptian president morsi has returned to the presidential palace this morning after being forced out last night by angry mobs. riot police fired tear gas at crowds topping 100,000 people who overran barricades at the...
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lou: defense officials have identified highly decorated decorated -- decorated navy seal that was killed over the weekend. 28 year-old from pennsylvania of member of tte elite seal team six killed in combat during the mission to rescue dr. joseph who was adopted by the taliban last wednesday successfully rescued by special operation forces five days later. one congressmen pilot at the federal budget and his record before going on the talk-show. here he is yesterday. >> one of the issues left alone as the mischa who was responsible, how we got here and to play in medicare and medicaid and social security as the drivers of the deficit. two wars on a credit card? financial institutions. lou: amnesia apparently is contagious. here are the facts with an 40% of the budget is spent on medicare and social security. the congressmen could recall the voting record himself he voted to approve more spending four times over the past five years. grace of workers made national headlines when a local affiliate, the drinking and smoking marijuana during the lunch break. >> high. shouldn't you be building
lou: defense officials have identified highly decorated decorated -- decorated navy seal that was killed over the weekend. 28 year-old from pennsylvania of member of tte elite seal team six killed in combat during the mission to rescue dr. joseph who was adopted by the taliban last wednesday successfully rescued by special operation forces five days later. one congressmen pilot at the federal budget and his record before going on the talk-show. here he is yesterday. >> one of the issues...
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it's not that the defense budget can't be cut. we already mandated 500 billion in cuts over ten years. this is another 500 billion meing roughly, next year, starting in january, another 58 billion in 2013 comes out. that means we're going to have a major impact on our readiness, and that's always considered to be the third rail. you touch readiness, our ability to fight, the morale of the troops, weapons, systems, ammunition, and capability of carrying out the mission. it's not that defense can't be cut. it's not how much you spend, but how you spend it. you start taking across the board cuts, that's december -- decimating the logic of funding the strategy. neil: i know you work hard in your career, senator, to be bipartisan about this, served as a publican and democrat in the administration, but many say republicans signed on to this, and, you know, as part of this fiscal backup to a backbone, this was going to be it, and they aggeed to it, and now they are whining about it. >> they signed up feeling the congress would be so conc
it's not that the defense budget can't be cut. we already mandated 500 billion in cuts over ten years. this is another 500 billion meing roughly, next year, starting in january, another 58 billion in 2013 comes out. that means we're going to have a major impact on our readiness, and that's always considered to be the third rail. you touch readiness, our ability to fight, the morale of the troops, weapons, systems, ammunition, and capability of carrying out the mission. it's not that defense...
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. >> i was talking to a defense analyst the other day. he said the problem with all of this is the fact i'm worried about my 9-year-old. i'm worried about my 15-year-old. they're going to be paying unbelievable tax rates because we are dumping all of this on them. so on the one hand, yes, it looks like -- he looks a little crazy in this. a little goofy. at the same time, he's appealing to kids because, guess what? it's on you, kids. >> and you know what? i'm thinking that generation is not listening right now. they're not paying attention. >> when they pay the tax rates at 90% or 75% like france is doing, they'll listen. thanks, alan simpson. >> we applaud your efforts there, senator. good job. all right. we'll come back with the closing countdown. market still losing altitude. up just 94 points. >> after the bell, he said there will be no fiscal cliff deal without higher tax rates. find out if treasury secretary tim geithner thinks going over the deal is a better option than compromising on revenue. he joins us at 4:00 p.m. eastern. you'
. >> i was talking to a defense analyst the other day. he said the problem with all of this is the fact i'm worried about my 9-year-old. i'm worried about my 15-year-old. they're going to be paying unbelievable tax rates because we are dumping all of this on them. so on the one hand, yes, it looks like -- he looks a little crazy in this. a little goofy. at the same time, he's appealing to kids because, guess what? it's on you, kids. >> and you know what? i'm thinking that generation...
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industry, defense industry alone is looking at hundreds of thousands of job cuts next year with nos mandatory cuts go into effect. i'm not saying they are. so it's both cutting and taxing, we're too focus on the tax. bottom line, the government takes it out of the system cutting and raising taxes and the small or deficit. that means that people are going to be out of work, almost by definition in the short run. but in the long run it's a healthier economy that doesn't go down the path of greece. if the long run greece would have low unemployment, but they do not, but yes, we're going to go a percent, if it happens the worse case scenario, but in five years we won't be not able to borrow money. >> brenda: julian, you can go ahead and respond. >> first of l, the ernst & young study has been debunked over and ov. and number two, the bush tax cuts, if you let the bh tax cuts. the crs study was a republican study and found the same thing as the cbo. if you let bush tax cuts expire on everybody, yes, you would have negative economic impact. the two staetudies done recentl shows the top tw
industry, defense industry alone is looking at hundreds of thousands of job cuts next year with nos mandatory cuts go into effect. i'm not saying they are. so it's both cutting and taxing, we're too focus on the tax. bottom line, the government takes it out of the system cutting and raising taxes and the small or deficit. that means that people are going to be out of work, almost by definition in the short run. but in the long run it's a healthier economy that doesn't go down the path of...
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the defense department says a navy s.e.a.l. is killed during an early morning rescue of a doctor in afghanistan. a jet disappeared from radar near monterey california. the associated press is told the wreckage of the plane is found and there is are no survivors. back to "caught on camera." >> imagine the thrill of going along at high speeds, burning around the buoy when all of the sudden, watch out! you go flying into the water. [ scream ] >> it looks like i'm doing a backwards choreographed dive. >> terry and david have been together for nearly two decades and they're both at home on the water. >> probably in my life i've owned 10 or 12 or 13 kboets. >> i've driven pleasure boats plenty of times. >> in the mid 1990s clay has an idea for the two of them to try their hand at offshore power boat racing. he will steer the boat and she will make sure they don't get lost. >> he said, i need to you navigate. >> so basically, all i have to do is hold on? he said yes. i said, i can do that. >> the pair purchased the first power boat an
the defense department says a navy s.e.a.l. is killed during an early morning rescue of a doctor in afghanistan. a jet disappeared from radar near monterey california. the associated press is told the wreckage of the plane is found and there is are no survivors. back to "caught on camera." >> imagine the thrill of going along at high speeds, burning around the buoy when all of the sudden, watch out! you go flying into the water. [ scream ] >> it looks like i'm doing a...
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the foundation for defense of democry joins us he in moments. the unemploymt rate drops. so did the number of worers in the labour force. we will be taaking abouthis economy and what washington is trying to do to it and us next trying to do to it and us next with peter wallace and. can i help you? i heard you guys can ship ound for less than the ups store. thas right. i'vlearned the only way to get a holay deal is to camp out. you know we've been open all night. ithis a trick to get spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedexffice. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. ♪ [ male announcer ] they are a glowing example of what it means to be the best. and at this special time of year, they shine even brighter. come to the winter event and get the mercedes-benz you've always wished for, now for an exceptional pr
the foundation for defense of democry joins us he in moments. the unemploymt rate drops. so did the number of worers in the labour force. we will be taaking abouthis economy and what washington is trying to do to it and us next trying to do to it and us next with peter wallace and. can i help you? i heard you guys can ship ound for less than the ups store. thas right. i'vlearned the only way to get a holay deal is to camp out. you know we've been open all night. ithis a trick to get spot? [...
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lou: are you surprised that we are sending patriot missilee and defense systems to the turks? >> no. in fact of this has been hanging fire for some months. the one to make sure they have some means of protecting themselves, not simply from rockets coming in from syria, but they want to protect themselves from what the iranians are building with the help, of course. lou: and we can talk forever about the turkey and the relationship that is emerging there, but i want to talk your, as we wrap up, about this new book. oliver north, heroes proof. set in the future in which you imagine issues that, well, frankly, are taking place today. >> twenty years from now, and i did not have any idea that the terror attack that killed americans would be wise about by an administration r that israel would face the existential threat that it does today. those kinds of things are in this book. of course, hopefully, a brighter future for america when we realize was really happening, the second amendment being denied by the united nations kamal things that this administration is doing in this book.
lou: are you surprised that we are sending patriot missilee and defense systems to the turks? >> no. in fact of this has been hanging fire for some months. the one to make sure they have some means of protecting themselves, not simply from rockets coming in from syria, but they want to protect themselves from what the iranians are building with the help, of course. lou: and we can talk forever about the turkey and the relationship that is emerging there, but i want to talk your, as we...
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at this is as a conservative, defense is 16% of the budget. other 84% gets half a trillion, defense getting half a trillion. the democrats are welcoming this to happen. >> the guy who ran second to mitt romney, many argue now with -- i think this is -- republicans are running with tail between their legs, and they are a lighter blue. >> they are referred to as cheap democrats. neil: you are persona nongratta now. or party we knew is gone. >> i'm hoping that is not the case. i'm hoping we'll have new members come in. and you know, we -- just sawaw , i got involved in not a fiscal thing but it had to do with a u.n.reaty that the left's to s to hoist on u.s. that thing was going to pass, we got involved, an organization that i run, patriot voices, we stirred up the pot, got people to pay attention. neil: you are a force, you are a very commanding force it would be in upper tier of perspective presidential candidate. >> i appreciate, that but point is, i do not say that to pat our organization on the back. neilback. >> i want voices of america to
at this is as a conservative, defense is 16% of the budget. other 84% gets half a trillion, defense getting half a trillion. the democrats are welcoming this to happen. >> the guy who ran second to mitt romney, many argue now with -- i think this is -- republicans are running with tail between their legs, and they are a lighter blue. >> they are referred to as cheap democrats. neil: you are persona nongratta now. or party we knew is gone. >> i'm hoping that is not the case....
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my defense to him was telling him that i was in the area. i was just pushed out of the way as the inmate was trying to get away from the person who assaulted him. >> extra precautions have been taken to move bullock from his cellblock to the area of the prison where his hearing will take place. >> your number? >> 747686. >> the notice is from lieutenant collins. he cites violations 2, 11, 23, 27, 43 and 9. on april 8th, at 10:30 account allen was assaulted in area b. i determined that inmate bullock assaulted allen with a weapon and it was used in the assault. allen sustained injuries to his head above the right eye and required stitches and broke his right hand trying to block the weapon that required a cast. i have here the photos of the scene of the incident that i will share with you. also before me i have a sock with the padlock inside. >> i didn't have nothing to do with the assault. when the assault took place, i was in the stairs and the inmate ran by me. mistaken by somebody, me being pushed aside when he was running, they thought h
my defense to him was telling him that i was in the area. i was just pushed out of the way as the inmate was trying to get away from the person who assaulted him. >> extra precautions have been taken to move bullock from his cellblock to the area of the prison where his hearing will take place. >> your number? >> 747686. >> the notice is from lieutenant collins. he cites violations 2, 11, 23, 27, 43 and 9. on april 8th, at 10:30 account allen was assaulted in area b. i...
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in fact, in my district i have a major base and defense contractors are there. they are already telling me they are laying off. >> how many cuts are you expecting? >> we don't know in total but we know there will be because they are telling us. >> i think you have to be willing to commit political harry kerry because you have to say no. >> our day in washington isn't done, just beginning. top of the next hour maria and i will be joined by senator johnny isakson. back to you guys. >> maria, brian, thank you very much. will a fiscal cliff deal be done in time? why don't you register your opinion. finance.cnbc. cast your vote. results will come up later on "power lunch." sue. >> we have a triple digit rally on the floor of the new york stock exchange with the dow jones industrial just off the highs of the trading session. we're up 109 points on the dow despite the gridlock in washington. nasdaq is up 41 points and s&p 500 is up 13 points. all three of those averages moving back above their 50-day moving average. first time we've seen that since october. trader from
in fact, in my district i have a major base and defense contractors are there. they are already telling me they are laying off. >> how many cuts are you expecting? >> we don't know in total but we know there will be because they are telling us. >> i think you have to be willing to commit political harry kerry because you have to say no. >> our day in washington isn't done, just beginning. top of the next hour maria and i will be joined by senator johnny isakson. back to...
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that those defenses from within are weakening. >> mike, the president and speaker boehner apparently did have a telephone conversation last night. are we inching closer to a deal or is that too much of a grown-up christmas wish? >> it's really impossible to say. i think most people in this town would say if it were up to john boehner, he would cut the deal. there are a lot of indications of softening of positions from within republican ranks. i myself am not entirely convinced. i thin there are going to be a lot of hard core bitter enders, if you like, who are not going to vote for a tax increase under any circumstances within the house gop conference, and it could be a very ugly fight within the gop. so the fact that neither side is telling us anything, jay carney today 23r from the podium would not characterize it other than to confirm it took place. kind of ironic, people were taking that as a positive sign. >> mike viqueira delivering depressing news with a smile on his face. thank you, sir. stay with us. the day's "top lines" are coming up. [ male announcer ] it's that time of y
that those defenses from within are weakening. >> mike, the president and speaker boehner apparently did have a telephone conversation last night. are we inching closer to a deal or is that too much of a grown-up christmas wish? >> it's really impossible to say. i think most people in this town would say if it were up to john boehner, he would cut the deal. there are a lot of indications of softening of positions from within republican ranks. i myself am not entirely convinced. i...
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there are no fewer than ten cases arising from the federal defense marriage act. california's proposition 8. they made their way to the high court's doorstep. at least one -- at least one, is kind of likely to get on the docket. sooner rather than later. while we wait, the best person to talk about that is cnn's senior legal analyst jeffrey toobin who literally wrote the book, or a couple of them, on the supreme court. i was talking to you last friday. i was talking to you monday. you are back for another friday. are they going to make me wait again for another day? are or are we going to get something today? >> those that know don't tell and those that tell don't know. that's the rule with the supreme court. it seems likely we will hear if not today then very soon. also, we should hear that they are going to take the case. remember, two federal appeals courts have now declared the -- >> when you say the case -- >> the defense of marriage act. proposition 8 is a very separate matter. when a federal appeals court declares an act of congress unconstitutional the sup
there are no fewer than ten cases arising from the federal defense marriage act. california's proposition 8. they made their way to the high court's doorstep. at least one -- at least one, is kind of likely to get on the docket. sooner rather than later. while we wait, the best person to talk about that is cnn's senior legal analyst jeffrey toobin who literally wrote the book, or a couple of them, on the supreme court. i was talking to you last friday. i was talking to you monday. you are back...
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supreme court today announced it will take up two gay marriage cases prop 8 out of california and the defense of marriage act case out of new york. the court could hear the cases as early as march. okay. two big issues here. let's start first with -- i think we will start with the gay marriage issue first and then we will go to the pot question. steve, how do you think it's going to play out the doma case prop 8 case how two different cases how do you think doma case. >> doma case involves whether someone who had lived with domestic partner for 45 years should have to pay estate taxes where if they lived as husband and wife she would not have to pay estate taxes and prop 8 involves whether or not gay marriage is simply legal. i think what we are seeing here they only need four justices to decide whether to take the issue. i think there is a little bit of politics there because if obama appoints more justices, they are not going to have to get the issue before the court. i think expect that the court going to say that gay marriage is legal just as they said you couldn't ban racially mixed raci
supreme court today announced it will take up two gay marriage cases prop 8 out of california and the defense of marriage act case out of new york. the court could hear the cases as early as march. okay. two big issues here. let's start first with -- i think we will start with the gay marriage issue first and then we will go to the pot question. steve, how do you think it's going to play out the doma case prop 8 case how two different cases how do you think doma case. >> doma case...
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overall you would think orders, like future orders, which is what defense spending -- defense stocks trade on would be noticeable to the downside and there's ate lot of worry. not underperforming the market. since the beginning of the deekz december, they have been outperforming. >> go ahead, debra. >> been at the tax rates before and it wasn't like nobody jumped out of market. stocks did outperform at market. >> but that was a very different time, wasn't it? we were on the east internet. you had dotcoms soaring and money moving into technology right before the year 2000. we had a balanced budget. in fact, a surplus under president clinton. very different economic moment. >> right, but you can still argue that you also have another internet boom going on with the mobile boom. >> i think the big thing here is the overall market continues to hold up very, very well. did you hear harry reid? the senate majority leader says i don't think we'll get a deal by christmas. would you think that's a real negative for the market. only lost 25 or 30 points in the dow on that. that surprised me. >
overall you would think orders, like future orders, which is what defense spending -- defense stocks trade on would be noticeable to the downside and there's ate lot of worry. not underperforming the market. since the beginning of the deekz december, they have been outperforming. >> go ahead, debra. >> been at the tax rates before and it wasn't like nobody jumped out of market. stocks did outperform at market. >> but that was a very different time, wasn't it? we were on the...
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the first is the defense of marriage act. the 1996 law denies federal benefits to legally married same-sex couples. right now around 120,000 legally married same-sex couples in the u.s. the second is california's proposition 8. that made same-sex marriage illegal in the state. a decision on these cases is expected next year. >>> is this the end of gangnum style mania? korean pop star psy which is the most watched video in youtube history is apologizing for an anti-american lyrics that aired in 2004. made its way around online. it included lyrics calling for the deaths of american troops serving in iraq. in his apology he said his performance was emotionally charged and, "while i'm grateful for the freedom to express one self, i learn there is some limits to what language is appropriate and i'm deeply sorry for how these lyrics will be interpreted. i will forever be sorry for any pain i have caused by those words." >>> we've got much more ahead this hour. here's a look at what's coming up. >>> it was the picture that spark eed
the first is the defense of marriage act. the 1996 law denies federal benefits to legally married same-sex couples. right now around 120,000 legally married same-sex couples in the u.s. the second is california's proposition 8. that made same-sex marriage illegal in the state. a decision on these cases is expected next year. >>> is this the end of gangnum style mania? korean pop star psy which is the most watched video in youtube history is apologizing for an anti-american lyrics that...
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they can huff and puff right now, but they are playing defense is what it gets down to. >> we talked about the options in our first read. they can file legal actions charging the process and violated the states and opened meetings act and overturned it bypassing a voter initiated law. are those two long shot options there? >> well, there will be a lot of litigation. no question about that. they will do everything they can in court and maybe that's the best chance of success. in terms of an initiative or referendum, the bill that passed the legislature innoculates the law for being challenged in a referendum. it's got an appropriation in it. i don't see a way you will get an initiative drive that could do anything before 2014 which is say regular election. there could be recalls, but guess what. today the republicans are voting on a bill to amend and reform the recall law here in michigan to make it tougher to recall legislators. >> that would box in any recall there. let me bring you in as well on this. there was an article that i read that discussed the labor mistake or the mistake
they can huff and puff right now, but they are playing defense is what it gets down to. >> we talked about the options in our first read. they can file legal actions charging the process and violated the states and opened meetings act and overturned it bypassing a voter initiated law. are those two long shot options there? >> well, there will be a lot of litigation. no question about that. they will do everything they can in court and maybe that's the best chance of success. in...
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secretary of defense leon panetta issued a statement last night commenting the special forces that carried out the raid. he said he was deeply saddened by the soldier's death whose name has not yet been released. >>> now to the ongoing crisis in syria. the civil war now spilling over the border into lebanon where at least 17 people were killed in recent clashes between supporters and opponents of president assad. this as syrian rebels continue to make advances continuing much of the countryside and the open road. richard engel amazingly made his way inside syria and filed this report just outside of the nation's largest city, aleppo. >> reporter: as this conflict drags on the people are suffering, but also showing a tremendous amount of resilience. this house was bombed by mistake. the people who lived here lived next to a rebel commander. now they're homeless. aside from the damage, and there is extensive damage in this part of syria just on the outskirts of the city of aleppo, there are also tremendous economic difficulties. the syrian currency is now worth about half of what it was wort
secretary of defense leon panetta issued a statement last night commenting the special forces that carried out the raid. he said he was deeply saddened by the soldier's death whose name has not yet been released. >>> now to the ongoing crisis in syria. the civil war now spilling over the border into lebanon where at least 17 people were killed in recent clashes between supporters and opponents of president assad. this as syrian rebels continue to make advances continuing much of the...
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>> i would go to the defense sector. i think the way it sets up, technically, it looks good here. if you do get a deal, lockheed martin is the way to go. >> i'm in that camp. i would go to boeing. look at them. it's had a tremendous year, the stock is around a 52-week high, sort of sideways, i think any certainty in terms of the economy going forward is going to be well for boeing. a lot of pent up demand for airplanes, basically just more efficient. boeing could really win. >> and are these binary trades, though? >> yes, i think in the short-term they are, but all three of the names we're going to mention, i'm mentioning general dynamics are long-term good. in the chance of general dynamics, you have a 10% forward free cash flow and it's trading at ten times forward earnings. a 50% market share in the large cabin private aircraft space and the best brand, that would be gulfstream. so, these stollings will do well with or without the cliff. i do think we get a resolution, these will do well quickly. >> pete? >> if we start to get ourselves into some sort of position, the housing r
>> i would go to the defense sector. i think the way it sets up, technically, it looks good here. if you do get a deal, lockheed martin is the way to go. >> i'm in that camp. i would go to boeing. look at them. it's had a tremendous year, the stock is around a 52-week high, sort of sideways, i think any certainty in terms of the economy going forward is going to be well for boeing. a lot of pent up demand for airplanes, basically just more efficient. boeing could really win....
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you will see more of that not only for self-defense and some protection but a lot of people are worried about our government, worried about the fiscal situation, they see a lot of instability and they want to protect themselves. stuart: one more topic, the sec slapped netflix with a violation of for a facebook status. scott? netflix posts something on facebook instead of making a formal declaration. the sec doesn't like it. all the problems of being a publicly traded company. you are private. >> wear private. i would never go public. as a privately held company we deal with regulation and reasonable regulation is needed in any financial services business but to go public and make a statement on facebook, the sec is standing there waiting when you are a public company for you to trip. they found this as a trip for him to make this statement on facebook and facebook is a public forum. stuart: when you don't want intrusion. >> i don't want intrusion. stuart: when you don't need to raise the capital to risk going public. >> we are private company and well funded and can't be purchased. life
you will see more of that not only for self-defense and some protection but a lot of people are worried about our government, worried about the fiscal situation, they see a lot of instability and they want to protect themselves. stuart: one more topic, the sec slapped netflix with a violation of for a facebook status. scott? netflix posts something on facebook instead of making a formal declaration. the sec doesn't like it. all the problems of being a publicly traded company. you are private....
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Dec 8, 2012
12/12
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paul's claiming are flat wrong, but they show a deep anxiety and defensiveness about the coal industry on the wane in america. today coal provides a third of the power down from nearly half four years ago. coal-burning power plants are shuting down across the country. there's a war on coal as you may have heard during the campaign, but the aggressors aren't bureaucra bureaucrats but it's natural gas. specifically the technology radically transformed natural gas production something called hydraulic fracturing or fracking. the name is opaque but the goal is simple. tens of thousands of feet below the surface there are deposits of natural gas trapped up within giant rock formations. fracking lets energy companies drill down to release the gas. that process has fundamentally revolutionized america's energy economy in a few years. the average annual price of natural gas is less than half what it was in 2008. large swaths of the united states from colorado to texas to ohio to upup state new york have massive natural gas reserves making them right for fracking. rhetts rebel based on concerns
paul's claiming are flat wrong, but they show a deep anxiety and defensiveness about the coal industry on the wane in america. today coal provides a third of the power down from nearly half four years ago. coal-burning power plants are shuting down across the country. there's a war on coal as you may have heard during the campaign, but the aggressors aren't bureaucra bureaucrats but it's natural gas. specifically the technology radically transformed natural gas production something called...
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. >> reporter: just a couple miles in the pentagon, many of the people here work directly for the defense department and it's contractors. the defense industry is facing $125 billion of direct -- in addition several key tax ben fis are scheduled to expire at the end of the year that will have a direct impact on the pocket books of many americans. take a couple with one child in new york earning $100,000. their tax rate jumps from 25% to 28%. they could be hit by the alternative minimum tax. the child tax credit drops from $1,000 to $500 and payroll taxes could be $2,000 more next year. for a single 25-year-old in michigan who works full-time earning $30,000 a year going to school part-time, his tax rate would stay the same at 15%. but he would lose the american education tax credit and have to pay more than $600 in payroll taxes. and even though it's weeks before the changes would take effect the impact is already being felt because of uncertainty. 401(k) plans are taking a hit. companies are putting freezes on hiring. and the retail sector which makes most of its money in the final weeks
. >> reporter: just a couple miles in the pentagon, many of the people here work directly for the defense department and it's contractors. the defense industry is facing $125 billion of direct -- in addition several key tax ben fis are scheduled to expire at the end of the year that will have a direct impact on the pocket books of many americans. take a couple with one child in new york earning $100,000. their tax rate jumps from 25% to 28%. they could be hit by the alternative minimum...
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Dec 13, 2012
12/12
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FBC
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will feel it will be with payroll tax, and amt, alternative minimum tax, cut to medicare, and cuts to defense. that is for real, that happens. that is immediate. the rise in rates due to obamacare, and the bush tax cut expiring, those actually do not take effect, they will not owe them until 2014, i think that president thinks he has time. but, this is -- this is why it important i think, for us to tell the truth. and be grown ups, the president thinks in short-term, he can just continue to go out and campaign, and maybe in short-term republicans will take will blame. i'm ready to take the blame, i am going to tell the truth to my constituents. lou: take the blame. that is an interesting eing expression. the fact is, his ultimatum is only -- the only decision taken that will result in this occurring, rather than a collective bargain heaed positi. i do not see where republicans should take any blame, why isn't your leadership, if you will, say, you go ahead, you own it you eat it? lou: i believe at the end of the day that is what we'll say. but for right now, lou we're still here, we're workin
will feel it will be with payroll tax, and amt, alternative minimum tax, cut to medicare, and cuts to defense. that is for real, that happens. that is immediate. the rise in rates due to obamacare, and the bush tax cut expiring, those actually do not take effect, they will not owe them until 2014, i think that president thinks he has time. but, this is -- this is why it important i think, for us to tell the truth. and be grown ups, the president thinks in short-term, he can just continue to go...
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Dec 6, 2012
12/12
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WBAL
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. >> let me ask you this, in defense of the product -- in defense of the card, if you drink starbucks every single day, this covers you for half a year. >> ten weeks. well, if you do a latte a day -- >> did you do the math? you're so smart. >> speaking of rain man. >> what's the conclusion? what do you get? >> ten weeks of coffee, that's not enough. >> that's what the conclusion is. >> and i want the other $50 too. >> yes. >> you're spending the money anyway and get all the privileges. >> oh, the privileges. >> that's fantastic. the privileges. >> and did i -- >> look at our pearl lined toilet because you have the steel card. >> you do impress the ladies when you have that card, though. >> do you really, though? >> if you're taking your date to starbucks. >> all right. we've got to get to our take three because we have a special guest on the phone. we've seen a lot of these around the holidays where people light up the house and put music with it. let's watch this from idaho. >> oh, my god. >> is the music emanating from the home? >> no, it's on a radio station. >> you just see the li
. >> let me ask you this, in defense of the product -- in defense of the card, if you drink starbucks every single day, this covers you for half a year. >> ten weeks. well, if you do a latte a day -- >> did you do the math? you're so smart. >> speaking of rain man. >> what's the conclusion? what do you get? >> ten weeks of coffee, that's not enough. >> that's what the conclusion is. >> and i want the other $50 too. >> yes. >> you're...
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Dec 11, 2012
12/12
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CNBC
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so we keep telling clients, watch these defense contractors. it has utx, it has boeing, it has lockheed martin. these guys will be the most impacted by sequestration if this hits. so we always watch this for stress if the market is selling off for cliff reasons or if it's just a near term emotional blip. kelly, the other thing we're paying a lot of attention to is the gold market. we've been seeing investors buying a lot of protection against gold over the last month and gold has been having some big swings that have been well publicized because of the fiscal cliff action. now, why? everybody is like, all of a sudden, if we go over the cliff, gold should jump because it's a safe haven trade. not whatsoever. if we go over the cliff, that's tighter monetary reaction. that's a big cold headwind as far as the buzz is concerned out there. that's why we've been seeing a lot of people buying december and january put peps. >> david, normally this time of year, we get window dressing. i just wonder whether the opposite is happening. >> you're hitting it
so we keep telling clients, watch these defense contractors. it has utx, it has boeing, it has lockheed martin. these guys will be the most impacted by sequestration if this hits. so we always watch this for stress if the market is selling off for cliff reasons or if it's just a near term emotional blip. kelly, the other thing we're paying a lot of attention to is the gold market. we've been seeing investors buying a lot of protection against gold over the last month and gold has been having...
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Dec 10, 2012
12/12
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marriage act but if you take the legal position they have advocated in the defensive marriage act cases and you apply it to a situation like proposition 8, all of those anti-gay laws go by the wayside and really a question of them taking the arguments they made in one case and making them again in this other case. >> i want to read from an associated press article on the fear and hope some have regarding gay marriage. gay marriage supporters see 41 reasons to fret over the supreme court's decision to take up the case of california's man on same sex issues and nine states allow partners to marry or will soon. 41 states do not. of those, 30 have written gay marriage bans into their state's constitution. >> i'm not that worried and the reason is because i think that the supreme court would have only taken these cases if they thought that they were ripe for a decision that moves the country forward so i think that their only question is, are we going to get a decision that moves us incrementally forward or are we going to get a decision that's historic on the nature -- on the level of like
marriage act but if you take the legal position they have advocated in the defensive marriage act cases and you apply it to a situation like proposition 8, all of those anti-gay laws go by the wayside and really a question of them taking the arguments they made in one case and making them again in this other case. >> i want to read from an associated press article on the fear and hope some have regarding gay marriage. gay marriage supporters see 41 reasons to fret over the supreme court's...
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Dec 8, 2012
12/12
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CNNW
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he's with the home school legal defense association, one of the groups that lobbied hard against this treaty. here's what he said in a radio interview for the american family association. >> the definition of disability is not defined in the treaty, so my kid wears glasses. now the u.n. gets control over them. >> the idea the treaty would give the u.n. vast control over american children's lives and take away kids with glasses from their parents is just factually incorrect. just not true. in july, testifying before the foreign relations committee, former u.s. attorney general dick thornburg pointed out that kind of stuff is just not true, it wouldn't have an impact on u.s. law. mr. thornburg is a republican and the father of a disabled son. he joins me now. mr. attorney general, appreciate you being with us. the crux of the senator's argument really seems to be just because u.s. law hasn't ever been affected by a u.n. treaty doesn't mean it couldn't happen some day. he says under article 6 of the constitution, any u.n. treaty automatically becomes law of the land in the united states.
he's with the home school legal defense association, one of the groups that lobbied hard against this treaty. here's what he said in a radio interview for the american family association. >> the definition of disability is not defined in the treaty, so my kid wears glasses. now the u.n. gets control over them. >> the idea the treaty would give the u.n. vast control over american children's lives and take away kids with glasses from their parents is just factually incorrect. just not...
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Dec 6, 2012
12/12
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we haven't cut the defense budget much in the last 30 years. they just ordered new uniforms for their chauffeurs for the top brass. you know, this is going to be a lost opportunity if there's too much compromising going on here. i'm going to stick to my position we'd be off going over the cliff, the curb. it's a slope and not a cliff. i take krystal's point as a good point. you have to pick your time. the europeans are done too much with austerity. i think we can afford to do this, and we ought to make the down payment. the cliff doesn't fix the deficit, but it really does make a downpayment and gets defense cuts for the first time. you know damn well the defense won't get cut ifç they make a deal on this. >> in the "new york post" today a conservative columnist wrote the trut is every way you look at it, the gop is trapped. republican politicians will save and give the president most of of what he wants. the only real question is when. the answer is probably at the worst possible time when they've done even more damage to the party's brand.
we haven't cut the defense budget much in the last 30 years. they just ordered new uniforms for their chauffeurs for the top brass. you know, this is going to be a lost opportunity if there's too much compromising going on here. i'm going to stick to my position we'd be off going over the cliff, the curb. it's a slope and not a cliff. i take krystal's point as a good point. you have to pick your time. the europeans are done too much with austerity. i think we can afford to do this, and we ought...
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Dec 11, 2012
12/12
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CNNW
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it's not only defense, but as i see so eloquently stated, it is to defend ourselves ultimately against a tyrannical government if that happens. the difference between liberty and tyranny is if you have a government that is afraid of its people, you have liberty, if you have a people afraid of their government, it's tyranny. >> do you believe that, that you're going to rise up against a tyrannical presidency in your country? >> i would be the first one out there leading the country. we have three boxes in the country, the ballot box, the soap box, and then the bullet box if it's necessary. the government needs to be afraid of its people. then it will serve the people of this great republic. >> james, what is your view of that? >> well, i guess i approach this on two levels. on the merits of what the second amendment is and is not for, i would have a different view of its historical purpose. the framing of the second amendment talks about a well regulated militia. we would disagree there. as a matter of political reality, however, i have come to believe after living around a lot of the w
it's not only defense, but as i see so eloquently stated, it is to defend ourselves ultimately against a tyrannical government if that happens. the difference between liberty and tyranny is if you have a government that is afraid of its people, you have liberty, if you have a people afraid of their government, it's tyranny. >> do you believe that, that you're going to rise up against a tyrannical presidency in your country? >> i would be the first one out there leading the country....
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Dec 6, 2012
12/12
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CNBC
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>> i think people have to be defensive in the short term. there will be a lot of rancor on both sides. so within the next month or so, as the fiscal cliff debate developments, there is limited up side for interest rates and it's hard to see stocks moving much higher. >> so let's suppose we get an agreement. that should increase confidence. does that mean the economy performs better next year than we expect and then what's the feed through from that? >> yeah, i think while we're now focused on a lot of the down side risks not only from the fiscal cliff but obviously also from the eurozone crisis, we may have overlooked some of these up side potential for next year. so if we get a favorable resolution for the fiscal cliff, i think we can see interest rates move up quite sharply. that would be because expectations for growth could be much higher, so if growth is around the 2% in the first half of the year, we could be haufing over the 3% range in the second half of the rear. that would mean higher interest rates and that could be a very poor re
>> i think people have to be defensive in the short term. there will be a lot of rancor on both sides. so within the next month or so, as the fiscal cliff debate developments, there is limited up side for interest rates and it's hard to see stocks moving much higher. >> so let's suppose we get an agreement. that should increase confidence. does that mean the economy performs better next year than we expect and then what's the feed through from that? >> yeah, i think while...
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Dec 10, 2012
12/12
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CNNW
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a challenge to the federal defense of marriage act. and also, california's proposition-8 and how's this for a backdrop? in washington state, thousands of gay couples got married on sunday. and the new year promises the same for those in maryland and maine when their new state laws take effect. right now, same-sex marriage is legal in nine states and washington, but it's either banned or not recognized in more than 30 states and just not recognized at all by federal law either. that's the defense of marriage act. a high court has been split on nearly every major decision. john roberts has also been a wild card on occasion, so as you can imagine, past opinions of these people have become a bit of a window perhaps to what future decisions may yield and this has critics and supporters of gay marriage on edge and waiting and that includes evan wils wilson, the director of freedom to marry or god father of the gay marriage movement. so, i hear people asking the question of either people who are before or against the issue of gay marriage. yo
a challenge to the federal defense of marriage act. and also, california's proposition-8 and how's this for a backdrop? in washington state, thousands of gay couples got married on sunday. and the new year promises the same for those in maryland and maine when their new state laws take effect. right now, same-sex marriage is legal in nine states and washington, but it's either banned or not recognized in more than 30 states and just not recognized at all by federal law either. that's the...
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Dec 5, 2012
12/12
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senior administration sources say former nebraska senator chuck hagel is on the short list for defense secretary. hagel met with the president this week. he's thought to be one of four finalists on a list that includes massachusetts senator john kerry, kerry is also being mentioned as a possible successor to secretary of state hillary clinton if president obama doesn't pick u.n. ambassador susan rice. >>> elsewhere, president obama has drawn a hard line on tax increases for the wealthiest of americans. rejecting an offer that republicans claim is as good as it's going to get. tracie potts joins us with the latest on this. good morning. >> reporter: right now it's looking more likely that we could, could, go over that fiscal cliff at the end of the month because right now, negotiations here are at a stand still. president obama talks to the business round table today after telling bloomberg he absolutely won't bunch. the wealthiest americans must pay more. >> we're not going to be able to get a deal without it. >> reporter: he may be in a good position to wait it out. a new poll found m
senior administration sources say former nebraska senator chuck hagel is on the short list for defense secretary. hagel met with the president this week. he's thought to be one of four finalists on a list that includes massachusetts senator john kerry, kerry is also being mentioned as a possible successor to secretary of state hillary clinton if president obama doesn't pick u.n. ambassador susan rice. >>> elsewhere, president obama has drawn a hard line on tax increases for the...
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defense secretary leon panetta issued a warning to syria today saying the united states will not stand by and watch the country cross a quote unquote red line. >> whole world is watching very closely. and the president of the united states has made very clear that there will be consequences. there will be consequences. if the assad regime makes a terrible mistake by using these chemical weapons. >> syria denies it is mobilizing chemical weapons in a civil war in which 40,000 people have lost theirs in 21 months. instead, they say they're trying to create fear and set for an attack. hillary clinton met with russia's foreign minister twice today in dublin. these are important meetings because russia is a syrian alley. but is it too late? national security contributor, fran townsend, is a member of the cia. cedrick layton member of the joipt staff. what are those consequences? is the u.s. going to passing the point of no return here? >> well, it is, look, the most recent information suggests they're preparing to be able to launch these warheads containing gas and other chemical weapons. t
defense secretary leon panetta issued a warning to syria today saying the united states will not stand by and watch the country cross a quote unquote red line. >> whole world is watching very closely. and the president of the united states has made very clear that there will be consequences. there will be consequences. if the assad regime makes a terrible mistake by using these chemical weapons. >> syria denies it is mobilizing chemical weapons in a civil war in which 40,000 people...
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Dec 9, 2012
12/12
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CNNW
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most defense programs will be cut by about 10%. nondefense, discretionary spending, education, air travel safety, and food inspections would be cut about 8%. the cbo warns no deal could send the economy back into recession, others argue the economy might prosper in the long return, and nearly everyone, including a cranky public, thinks the republicans will get the claim. we'll have more next, with dana bash, it -- unless you have the right perspective. bny mellon wealth management has the vision and experience to look beyond the obvious. we'll uncover opportunities, find hidden risk, and make success a reality. bny mellon wealth management at the chevy year-end event because chevy's giving more. more efficiency with sonic and cruze... more function in equinox and traverse... more dependability with the legendary silverado... and more style in the all-new malibu. chevy's giving more at the year-end event because 'tis the season. chevy's giving more. this holiday season, get a 2013 cruze ls for around $169 per month or get $500 holid
most defense programs will be cut by about 10%. nondefense, discretionary spending, education, air travel safety, and food inspections would be cut about 8%. the cbo warns no deal could send the economy back into recession, others argue the economy might prosper in the long return, and nearly everyone, including a cranky public, thinks the republicans will get the claim. we'll have more next, with dana bash, it -- unless you have the right perspective. bny mellon wealth management has the...
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Dec 12, 2012
12/12
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MSNBCW
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was evidence that the syrian government was preparing for potential chemical weapons, but yesterday, defense secretary leon panetta said new intelligence shows they may be backing off. >>> well, now to west virginia. did you see this? a national gas line exploded in a town just ten miles north of charleston. at first, witnesses thought a plane had crash, as the flames shot up over 75 feet in the air before it was put out. at least five homes up in flames, destroyed, and a portion of the nearby freeway was damaged. officials say the area within 1,000 feet of the explosion site was evacuated. many of the surrounding area still without power. people were treated for smoke inhalation. no major injuries, amazingly, where reported in that natural gas line blaze. >>> the national transportation safety board, of course, will launch an investigation. >>> and finally, grammar winner and virtuoso star ravi shankar has died. you've probably heard his influence in the most famous music. he became friends with the beatle and a longtime collaborator with george harrison. he burst on to the western music sc
was evidence that the syrian government was preparing for potential chemical weapons, but yesterday, defense secretary leon panetta said new intelligence shows they may be backing off. >>> well, now to west virginia. did you see this? a national gas line exploded in a town just ten miles north of charleston. at first, witnesses thought a plane had crash, as the flames shot up over 75 feet in the air before it was put out. at least five homes up in flames, destroyed, and a portion of...
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Dec 10, 2012
12/12
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FOXNEWSW
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president obama and defense secretary leon panetta responded to the news that a u.s. service member was killed during the rescue. quote: >> reporter: megyn? megyn: absolutely. jennifer, thank you. >>> well, new complaints today after union members picket a fundraiser for prostate cancer research. the union workers were complaining about the cable company executives who attended the fundraiser, but was this really the right place to do that? >>> and growing controversy after president obama shakes hands with the south korean singer whose music video just became the most watched in the world. but before this guy was a global sensation, it turns out -- and it surfaced last week -- that he made news with very angry, very anti-american rants about, quote, killing the yankees in response to the war in iraq and another issue. we will debate whether the president might want to take back that handshake and whether the singer's apology makes up for what he said in the past. ♪ twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethi
president obama and defense secretary leon panetta responded to the news that a u.s. service member was killed during the rescue. quote: >> reporter: megyn? megyn: absolutely. jennifer, thank you. >>> well, new complaints today after union members picket a fundraiser for prostate cancer research. the union workers were complaining about the cable company executives who attended the fundraiser, but was this really the right place to do that? >>> and growing controversy...
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Dec 10, 2012
12/12
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MSNBC
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the first is a challenge to a federal law called the defense of marriage act. it says that marriage as far as the federal government is concerned can only be between one man and one woman. that means that in the states like washington where same-sex marriage is legal the federal government doesn't recognize those marriages, denying those couples about 1,000 benefits. if the supreme court strikes that law down, it wouldn't say states have to allow same-sex marriage. it would just say when they do the federal government has to recognize them. the other is a challenge to proposition 8 in california. that's the voter passed initiative that barred same-sex marriage in that state. now, that law was overturned, prop 8 was, by a federal appeals court that said you can't give a right and then take it away like this. if the supreme court does nothing more than uphold that ruling, it would apply only to california. so it may or may not get to the fundamental question about whether all states have to allow same-sex couples to get married. it could use the prop 8 case to re
the first is a challenge to a federal law called the defense of marriage act. it says that marriage as far as the federal government is concerned can only be between one man and one woman. that means that in the states like washington where same-sex marriage is legal the federal government doesn't recognize those marriages, denying those couples about 1,000 benefits. if the supreme court strikes that law down, it wouldn't say states have to allow same-sex marriage. it would just say when they...
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Dec 7, 2012
12/12
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KCSM
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the defense minister has passed on the order to self-defense forces commanders. >> translator: we're preparing our defenses in accordance with that offer. >> north korean leaders plan to launch the rocket between december 10th through 22nd. the leaders of other countries say they are carrying out a test of a long range ballistic missile. the deployi ining surface to ai missiles throughout the region. the prime minister held a meeting with his ministers. he approved the order to mobilize the missile defense systems and shoot down any debris. this will be the third such order issued by the government. the last time was in april when north korea launched another rocket. it blew up less than two minutes after lift off. u.s. officers are also on alert. >> those ships are capable of participates in defense. we will go forward with that as we did in the last time. >> he said officers will be able to track the missile's flight path. the north koreans have refined their technology so the probability of success has increased. the timing of the launch coincides with the presidential election ca
the defense minister has passed on the order to self-defense forces commanders. >> translator: we're preparing our defenses in accordance with that offer. >> north korean leaders plan to launch the rocket between december 10th through 22nd. the leaders of other countries say they are carrying out a test of a long range ballistic missile. the deployi ining surface to ai missiles throughout the region. the prime minister held a meeting with his ministers. he approved the order to...